The import of glass containers for packing or conveying goods to Malaysia has experienced considerable fluctuations over the years. In 2023, the volume stood at 62.209 million kilograms, showing a year-on-year increase of 2.96%. A review of the past five years indicates an average annual growth rate (CAGR) of 2.37%. The data suggests varying trends, with notable dips and peaks. The most significant incremental change was in 2021 with a 26.93% surge over the previous year. Looking ahead from 2024, the import volume is forecasted to steadily increase, reaching 71.626 million kilograms by 2028, with a forecasted 5-year CAGR of 2.2%, reflecting an 11.47% growth rate over this period.
Future trends to watch for include the impact of economic policies on trade, changes in consumer demand for glass-packaged goods, and advancements in packaging materials that may influence the demand for glass containers.
